File a Condonation of delay request for specific cases:If taxes are also payable by youIf all taxes are paid but return not filedActions that tax department might take against youMarch 31, 2018 was the deadline to file income tax returns (ITR) for the financial year 2015-16 and 2016-17. Therefore, for such taxpayers who have missed the deadline of March 31, 2018, can file such application by 31 March 2023 (for FY 2015-16) and 31 March 2024 (for FY 2016-17) . A penalty may also be levied by the assessing officer of Rs 5,000 for non-filing of income tax returns. "Every taxpayer is required to file ITR if his/her total income exceeds the basic exemption limit. The department can issue you a notice under section 148 for income escaping the assessment for non-filing of ITR.

Source: Economic Times April 07, 2018 05:03 UTC